Haiti, Tropical Storm and Dominican Republic
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At least 80 miners became trapped in the Dominican Republic on Tuesday, with rescue efforts underway and no injuries or deaths reported, according to government officials.
The Dominican Republic is on the northern edge of the Caribbean tectonic plate, bordering the North American one. This boundary is known for producing seismic activity, with a long history of earthquakes, including Samaná's 8.1 magnitude in 1946 and the 6.4 magnitude in 2020 near Puerto Rico.
The Dominican government, via the Ministry of Finance and Economy, successfully issued US$1.6 billion in sovereign bonds on international markets with a 10-year maturity and a yield of 5.875%, fully covering its external financing needs for fiscal year 2025.
Nvidia stock (NASDAQ: NVDA) has been propelled by a 40.5% year-to-date rally, underpinned by surging data-center demand and AI adoption. The Dominican Republic’s new Center of Excellence in Artificial Intelligence (CEIA) partnership with Nvidia could deepen the company’s footprint in emerging markets and bolster long-term compute requirements.